Markets

from the BBH Currency Strategy Team The European financial crisis is of historic proportions and it remains unresolved as the year draws to a close. The resolution remains elusive, but there seems to be a finite number of ways that the…

This is the last formal North American Daily for the 2010. We will release a shortened holiday mode for the next two weeks and will return to full publication 01/03/2011. Happy New Year! Highlights The US dollar is trading on an…

by Comstock Partners After an 86 percent gain in 21 months the market looks overbought, overextended and overvalued. Furthermore the economy is unlikely to grow enough to reduce unemployment, lead the Fed to raise the funds rate or cause…

A BIG GOLD interview with John Hathaway, Tocqueville Gold Fund When John Hathaway spoke at the Casey’s Gold and Resource Summit in October, many of the audience came away feeling like they were listening to Doug Casey, with his contrarian…

Here are the key takeaways from Pimco's recent piece on Emerging Market debt: Key Points: Global economic conditions and structural factors remain supportive for the emerging markets to “run fast,” and for the U.S., Canadian and…

The dollar rally continued as US economic data continues to outperform, leading US bond yields higher.  US 2- and 10-year yields have increased by 17bp and 67bp over the past month and the rise in the 10-year to 3.51% is nearly a…

As we feared, Turkey central bank cut rates by 50 bp to 6.5%. Before the recent comments by Deputy Governor Basci, the bank was saying that rates were headed higher towards the end of next year. Latest central bank survey shows market was…

The US dollar is mixed, stuck in narrow trading ranges amid the light volume of the holiday season. After falling below yesterday’s figure, the euro strengthened to $1.3266 but gains may be limited with the start of the EU summit today.…

The dollar made ground against most major currencies through the Asian session. Moody’s put Spain’s Aa1 debt rating on review for a potential downgrade, citing concerns with government funding and finances and the overall debt level. The…

by Win Thin Here are some more thoughts on S&P moving its outlook on Belgium’s AA+ rating to negative from stable. S&P noted that it may cut the rating by one notch within the next six months if the major political parties do not…